Latest news with #Capitolriot
Russia Today
5 days ago
- Business
- Russia Today
Biden administration pressured top US banks to cut out Trump
The administration of former US President Joe Biden pressured some of the country's biggest banks to sever ties with Donald Trump, the New York Post reported on Tuesday, citing anonymous sources. Speaking to CNBC earlier this week, Trump said that JPMorgan had told him he had to withdraw hundreds of millions of dollars in assets, and that Bank of America declined to accept the funds when he attempted to transfer them. Trump did not elaborate on the timing or circumstances, but the Post, citing anonymous sources, has reported that the events possibly occurred after he left office in 2021. According to the outlet, the banks were pressured by the White House in response to Trump's role in the January 6 Capitol riot, which occurred on the day Congress was set to certify Biden's victory. At the time, Trump insisted that the election had been 'stolen' from him by the Democrats. 'Think back to what it was like being Trump back in 2021; he was a hot potato after January 6 and the regulators made it clear to us that we shouldn't do business with him,' an unnamed banking executive told the newspaper. A JPMorgan official said that regulators 'put the fear of God in you if you did business' with people like Trump. According to the report, the US Office of the Comptroller of the Currency and the country's Federal Reserve scrutinized financial institutions under rules requiring them to weigh reputational risks tied to their clients. Critics have previously accused US banks of discriminating against conservatives and cryptocurrency-linked businesses, under those guidelines. The Wall Street Journal also reported this week that the Trump administration had prepared a draft executive order aimed at penalizing banks that engage in such 'de-banking' practices. The order could be signed by the president as soon as this week, the paper said.
Yahoo
10-07-2025
- Politics
- Yahoo
Musk Rages at His Own AI for Its Take on Right-Wing Violence
Elon Musk lashed out at his own AI chatbot, Grok, after it stated that right-wing violence has become 'more frequent and deadly' than left-wing attacks. 'Major fail, as this is objectively false,' Musk posted on X, the social media platform where the chatbot is integrated. 'Grok is parroting legacy media. Working on it.' Grok was responding to an X user who asked whether the political left or right has been more violent since 2016, which just so happens to be the year Donald Trump won his first presidential election. In response, Grok said that data suggests 'right-wing political violence has been more frequent and deadly, with incidents like the January 6 Capitol riot and mass shootings (e.g., El Paso 2019) causing significant fatalities.' Grok added that while left-wing violence has also risen, as seen during 2020 protests, it tended to be 'less lethal, often targeting property.' 'Surveys show both sides increasingly justify violence, reflecting deep polarization. Right-wing attacks account for most deadly incidents, per reports like Reuters and GAO,' Grok said. 'However, biases in reporting may skew perceptions. Both sides contribute to a growing cycle of unrest, and precise attribution remains contentious due to varying definitions of violence.' In 2023, a Reuters report described a 'new breed' of extremists fueling 'the deadliest wave of U.S. political violence in decades.' 'These self-made radicals, mixing right-wing conspiracy theories and fringe beliefs, forgo logic and coherence in favor of personal grievances,' the report stated. Some MAGA and conservative figures argue that left-wing violence is rising in the U.S., pointing to incidents such as the murder of UnitedHealthcare CEO Brian Thompson and the shooting of two Israeli embassy staffers near a Jewish museum in Washington, D.C. There has also been an attempt from those on the right—including Musk—to falsely claim that the suspect in the murder and attempted murder of Democratic Minnesota politicians and their spouses supported left-wing ideology, despite reporting suggesting he was an anti-abortion Trump supporter. After intense criticism, Utah GOP Senator Mike Lee deleted a post on X showing a photo of the suspect, Vance Boelter, and suggesting that such violence occurs when 'Marxists don't get their way.' This is not the first time that Musk has had to interject with one of Grok's posts. On June 8, Grok told one X user that a screengrab of a fake Musk post saying he 'took' the wife of White House Deputy Chief of Staff Stephen Miller 'likely existed and was deleted.' In reply, Musk wrote: 'No, it's fake ffs [face palm emoji]. I never posted this.'
